2021-08-14
Continuing our series on Famous Tax Quotes (quotes from court opinions and rulings with language that is colorful or that concisely states an important tax principle) today's tax quote is:
That the receipt of income by a resident of the territory of a taxing sovereignty is a taxable event is universally recognized. Domicil itself affords a basis for such taxation. Enjoyment of the privileges of residence in the state and the attendant right to invoke the protection of its laws are inseparable from responsibility for sharing the costs of government. "Taxes are what we pay for civilized society ..."
N.Y. ex rel. Cohn v. Graves, 300 U.S. 308 (1937), quoting Compañia General de Tabacos de Filipinas v. Collector of Internal Revenue, 275 U.S. 87 (1927) (Holmes, J., dissenting).
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